Reverse charge related
Abhay mishra (139 Points)
13 September 2018
old gold purchased from unregistered person. Is reverse charge applicable on those purchases?
7 Replies
Kuldeep Diggiwal
(58 Points)
Replied 13 September 2018
No, reverse charge in respect of goods is applicable only on goods notified u/s 5(3)/9(3) of IGST/CGST act, 2017 & gold(including old gold) is not covered there.
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 13 September 2018
No... RCM not applicable.
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 13 September 2018
In GSTR 3B.,
We will show the details in column no
3.1-(d) for liability &
4(A)-(3) for ITC...
We will show the details in column no
3.1-(d) for liability &
4(A)-(3) for ITC...
Abhay mishra
(139 Points)
Replied 13 September 2018
do we have to deposit tax on unregistered purchase?
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 13 September 2018
NO. .... IT WILL BE TREATED AS EXEMPTED INWARD SUPPLY
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